Morrisons to name ex-Tesco finance director as new chairman -Sky News

July 28

July 28 (Reuters) - Britain's fourth-largest supermarket
chain Wm Morrison is set to announce this week that its
next chairman will be Andrew Higginson, a former finance
director at No. 1 player Tesco, Sky News reported,
citing a source.

Higginson, who left Tesco in 2012 and is fashion retailer N
Brown's non-executive chairman, could be named for the
role as early as Tuesday, the broadcaster said on its website.
(bit.ly/X559tx)

Morrisons, under pressure after months of poor trading, said
last month that incumbent Chairman Ian Gibson would step down at
next year's annual general meeting.

The grocer has been struggling as British consumers shied
away from big weekly shops to save money, buying little and
often in local convenience stores or online.

It has also been hurt by competition from German hard
discounters Aldi and Lidl.

Morrisons declined to comment.
(Reporting by Richa Naidu in Bangalore, editing by David Evans)